bargain

Bargain

A reciprocal understanding, contract, or agreement of any sort usually pertaining to the loan, sale, or exchange of property between two parties, one of whom wants to dispose of an item that the other wants to obtain. To work out the terms of an agreement; to negotiate inGood Faithfor the purpose of entering into an agreement.

bargain

n. 1) a mutual agreement or contract between two parties which is voluntary and involves the exchange of consideration (money, goods, services, or a promise for a promise). 2) a supposed good deal. (See: agreement, contract, consideration)

GRANT, BARGAIN, AND SELL. - By the laws of the states of Pennsylvania,
Delaware, Missouri, and Alabama, it is declared that the words grant,
bargain, and sell) shall amount to a covenant that the grantor was seised of
an estate in fee, freed from encumbrances done or suffered by him, and for
quiet enjoyment as against all his acts. These words do not amount to a
general warranty, but merely to a covenant that the grantor has not done any
acts nor created any, encumbrance, by which the estate may be defeated. 2
Binn. R. 95 3 Penna. R. 313; 3 Penna., R. 317, note; 1 Rawle, 377; 1 Misso.
576. Vide 2 Caines R. 188; 1 Murph. R. 343; Id. 348; Ark. Rev. Stat, ch. 31,
s. 1; 11 S. & R. 109.

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